Energy Transfer Partners to Construct Fourth Fractionation Facility at Mont Belvieu

abarrelfullabarrelfull wrote on 05 May 2015 12:40

Energy Transfer Partners, L.P. (NYSE: ETP) today announced that its subsidiary, Lone Star NGL LLC (“Lone Star”), will construct a fourth natural gas liquids (NGL) fractionation facility at Mont Belvieu, Texas. Fractionator IV, estimated to cost approximately $450 million, is scheduled to be operational by December 2016. The 120,000 barrel per day fractionator is fully subscribed by multiple long-term contracts and will provide off-take for the new 533-mile, 24- and 30-inch Lone Star Express Pipeline.

The Lone Star Express Pipeline, which is currently under construction, will transport approximately 475,000 barrels per day (expandable to 705,000 barrels per day) of NGLs from the Permian’s Delaware and Midland Basins to Mont Belvieu, Texas, to accommodate Lone Star’s contracted NGL transportation volumes. Phase I and phase II of the pipeline remain on schedule for completion in the second quarter of 2016 and the fourth quarter of 2016, respectively.

Additionally, Lone Star’s third Mont Belvieu fractionation facility, which is also currently under construction, remains on schedule for completion in January 2016, and Lone Star continues to evaluate further fractionation expansion opportunities at Mont Belvieu and in other areas of the country.

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